Free Republic 2nd Quarter Fundraising Target: $88,000 Receipts & Pledges to-date: $48,217
54%  
Woo hoo!! And we're now over 54%!! Thank you all very much!! God bless.

Keyword: taxhikes

Brevity: Headers | « Text »
  • Bernie Sanders, Dems Propose Investment Gains Tax Hike to Pay for Social Security Expansion

    02/24/2017 10:47:48 AM PST · by SeekAndFind · 33 replies
    PJ Media ^ | 02/24/2017 | Nicholas Ballasy
    WASHINGTON – Congressional Democrats introduced a bill that would increase the investment gains tax by 6.2 percent for households with adjusted gross income of $250,000 and above to pay for an expansion of Social Security. Sen. Bernie Sanders (I-Vt.), sponsor of the Social Security Expansion Act in the Senate, said the proposed “net investment income tax” increase from 3.8 percent to 10 percent would make “millionaires and billionaires” pay more in taxes to expand Social Security and extend the life of the program. The investment gains tax originally became law as part of Obamacare. “Everybody in this room knows that...
  • Hillary's Red Army March of Tax-Hike Destruction

    10/01/2016 8:49:26 AM PDT · by Kaslin · 9 replies
    Townhall.com ^ | October 1, 2016 | Larry Kudlow
    You've got to hand it to Team Hillary Clinton. Its message discipline is awesome -- at least in terms of taxes. It reminds me of the orderly march of the Chinese Red Army on the way to battle. Here's the latest message: The George W. Bush tax cuts were responsible for the financial meltdown and recession of 2008-09. That's a new low for Hillarynomics. In this week's debate, Clinton said: "Trickle-down it did not work. It got us into the mess we were in in 2008 and 2009. Slashing taxes on the wealthy hasn't worked." OK. So in 2003, President...
  • Obama Budget Would Add Another $9.3 Trillion to the Debt

    02/09/2016 7:15:17 PM PST · by Kaslin · 22 replies
    The Washingon Free Beacon ^ | February 9, 2016 | Elizabeth Harrington
    resident Barack Obama presented a budget to Congress on Tuesday that if enacted would add nearly $10 trillion to the national debt, according to the White House's projections. The president's final budget, widely considered to be dead on arrival due to the Republican-controlled Congress, projects the nation would face a $27.4 trillion debt in 2026.The budget set the actual total debt for 2015 at $18.1 trillion, projecting an increase of $9.3 trillion. When President Obama took office the debt stood at $10.6 trillion.The White House budget for fiscal year 2017 includes old and new items of the president's agenda, including...
  • Puerto Rico's 'death spiral' can be traced back to one mistake

    08/07/2015 9:27:38 AM PDT · by SeekAndFind · 6 replies
    Business Insider ^ | 08/07/2015 | Linette Lopez
    Puerto Rico is $72 billion in debt, and it will take a painful process to bring the island's finances back from the brink. It's a massive debt load for such a small territory, and the problem can really be traced to one issue — bad tax policy. After Puerto Rico let one tax break for manufacturers expire almost a decade ago, manufacturers started shutting down operations on the island. That caused a spike in unemployment. On top of that, business-friendly tax policies for some of the companies that remained allowed multinational giants to pay tax rates of little more than...
  • Connecticut Democrats stand by business tax changes

    06/04/2015 11:44:25 PM PDT · by Olog-hai · 16 replies
    Associated Press ^ | Jun 4, 2015 6:59 PM EDT | Susan Haigh and Pat Eaton-Robb
    Connecticut’s Democratic leaders were willing Thursday to make minor changes to the business taxes that prompted some major employers to threaten to leave the state, but said they won’t roll the taxes back and expressed doubt that any of the firms would move. […] The plan includes numerous business tax changes, including higher taxes on computer and data processing services, limits on tax credits, limits on when losses can be reported, and how business income is reported. Meanwhile, Jeffrey Immelt, CEO of General Electric Co., sent an email to employees Thursday, saying he has assembled an “exploratory team” to review...
  • Rodents To Be Given Human Rights Under Green Party Plans

    03/07/2015 6:19:10 PM PST · by Steelfish · 24 replies
    Telegraph (UK) ^ | March 07, 2015 | Matthew Holehouse
    Rodents To Be Given Human Rights Under Green Party Plans By Matthew Holehouse 07 Mar 2015 Animals would be protected under human rights laws and new taxes imposed on nappies under plans to be considered by the Green Party. The insurgent environmentalist party, which hopes to hold the balance of power after the General Election by winning up to ten seats, will also propose creating a fleet of hospital ships to serve the developing world, cutting the size of National Lottery prizes and banning the Grand National. The policies, set to become official policy during a series of debates on...
  • Obama’s State of the Union speech to include $320B tax hike proposal

    01/17/2015 5:49:17 PM PST · by jazusamo · 57 replies
    The Washington Times ^ | January 17, 2015 | Dave Boyer
    President wants capital gains rate, bank fees raisedEscalating his battle with congressional Republicans, President Obama will propose $320 billion in higher taxes in his State of the Union address, mostly by raising the rate on capital gains and closing tax loopholes for wealthier families, senior administration officials said Saturday. Mr. Obama also will call on lawmakers to impose a new fee on big banks with more than $50 billion in assets to discourage risky financial investments, a holdover from the Wall Street crisis that is sure to appeal to the president’s liberal base. The money raised would pay for a...
  • Obama Tax Hikes Drive Federal Tax Revenue Above $3 Trillion for First Time Ever

    10/22/2014 7:14:46 AM PDT · by SeekAndFind · 11 replies
    Daily Signal ^ | 10/22/2014 | Curtis Dubay
    The Treasury Department released this month figures showing that federal tax revenue exceeded $3 trillion in fiscal year 2014—the first time revenue surpassed that mark. Yet the deficit was still almost $500 billion. Clearly, the government continues to spend too much. We should tax enough to fund the legitimate functions of government, like national defense, homeland security, public health and others, but no more. The new record also shows us that, absent policy changes, the amount of revenue the government takes out of the private sector keeps getting bigger. Tax revenue grows as income grows, no matter what kind of...
  • Finally! Even Some Union Members Are Against An Illinois Tax Hike

    04/29/2014 8:49:28 AM PDT · by Kaslin · 3 replies
    Townhall.com ^ | April 29, 2014 | Mike Shedlock
    Via email, Ben VanMetre at the Illinois Policy Institute mentions huge tax hikes that Progressives are angling for. The tax hikes are so steep and so universal that even thinking union members are against the hikes. From VanMetre State Sen. Don Harmon and advocates for his progressive tax proposal argue that the progressive income tax will provide tax relief for Illinois’ middle class. Not only is the argument not true, but the progressive income tax was never about tax relief. The proof of that is in the numbers. Under Illinois law, the individual income tax rate will be 3.75% in...
  • Obama to Kill Tomahawk, Hellfire Missile Programs Cornerstone of U.S. Naval power eliminated

    03/24/2014 11:23:52 AM PDT · by Nachum · 124 replies
    Free Beacon ^ | 3/24/14 | Adam Kredo
    President Barack Obama is seeking to abolish two highly successful missile programs that experts say has helped the U.S. Navy maintain military superiority for the past several decades. The Tomahawk missile program—known as “the world’s most advanced cruise missile”—is set to be cut by $128 million under Obama’s fiscal year 2015 budget proposal and completely eliminated by fiscal year 2016, according to budget documents released by the Navy. In addition to the monetary cuts to the program, the number of actual Tomahawk missiles acquired by the United States would drop significantly—from 196 last year to just 100 in 2015. The...
  • Obama Will Insist on Tax Hikes in Budget Deal

    10/17/2013 6:57:38 AM PDT · by Olog-hai · 35 replies
    Cybercast News Service ^ | October 17, 2013 - 6:46 AM | Susan Jones
    As part of the deal to end the government shutdown and extend the debt limit, the House and Senate have agreed to begin long-stalled budget negotiations. The conferees planned to meet Thursday morning for breakfast—to “break the ice,” the Associated Press reported. Once the actual talks get underway, President Obama will insist that tax hikes be part of the solution. “The president has insisted that in the budget negotiations that he’s been calling for all year, everything has to be on the table. And that will be his position going forward,” White House spokesman Jay Carney told reporters on Wednesday....
  • Tax hikes likely for majority of Germans

    08/23/2013 2:52:21 AM PDT · by Olog-hai · 9 replies
    The Local ^ | 21 Aug 2013 16:10 CET | (DPA/The Local/tsb)
    German taxpayers will have to brace themselves for higher rates to plug holes in the budgets of local authorities, according to research released on Wednesday. A survey from consultants Ernst & Young shows that three-quarters of local authorities are set to raise taxes and increase charges for their services either this year or next year to make up for budget shortfalls. … A third of local authorities also wanted to raise fees for children centers, while 17 percent planned to increase cemetery charges. Last year, a fifth of authorities raised property taxes and in the coming year 28 percent plan...
  • Senate Dems to GOP: Give us tax hikes or you get no tax reform

    07/26/2013 10:54:42 AM PDT · by SeekAndFind · 8 replies
    Hotair ^ | Kevin Glass | Kevin Glass
    Over the last two years, a groundswell of movement has happened behind the scenes on Capitol Hill. Rep. Dave Camp (R-Mich.) has been working to convince his colleagues of the need for tax reform. Recently, Max Baucus has begun to spearhead that same initiative on the Senate side. And indeed, with Orrin Hatch signed on, it has looked like this is something that could happen.It’s important to note that we’re only talking about tax reform, not cuts. That’s what has kept this tenuous bipartisan movement together. The approach is largely revenue-neutral and would likely end up distributionally similar to what...
  • 2 GOP incumbents (tax hikers)lose primaries (Sherwood, May)

    06/12/2013 8:01:23 AM PDT · by Gopher Broke · 5 replies
    Sherwood, May lose; Gilbert remains By Alex Bridges Political newcomers defeated two of the region's veteran Republican Party delegates in primaries Tuesday, according to unofficial results. Mark J. Berg defeated Del. Beverly J. Sherwood for the 29th District. Dave LaRock defeated Senior Republican Joe May for the 33rd District, according to unofficial results from the Virginia State Board of Elections. Both May and Sherwood lost their bids to run for their 11th terms. The outcomes mean Berg and LaRock will represent the party on the ballot along with Del. C. Todd Gilbert in the regular election Nov. 5. Gilbert fended...
  • Thousands in Israel protest proposed budget

    05/11/2013 11:09:20 PM PDT · by Olog-hai
    Associated Press ^ | May 11, 2013 3:04 PM EDT
    Israeli police say protesters are marching in Tel Aviv over proposed tax hikes and benefit cuts. … Protesters are angry over the proposed decrees by Israel’s new finance minister Yair Lapid who started his job several weeks ago. Lapid ran in January’s election on a ticket vowing to help the middle class. The proposed budget hits that demographic deep in their pockets with raised taxes and slashed benefits. …
  • Obama to offer Social Security cuts in new budget — in exchange for tax hikes

    04/05/2013 9:22:29 AM PDT · by SeekAndFind · 79 replies
    Hotair ^ | 04/05/2013 | Ed Morrissey
    No wonder it's taking so long for Barack Obama to send his budget proposal to Congress. The budget is almost two months overdue, but Republicans may find it worth the wait. The Washington Post reports that Obama will offer cuts to Social Security in exchange for tax hikes to close the deficit --- in effect, the grand bargain he and John Boehner nearly made two years ago: President Obama will release a budget next week that proposes significant cuts to Medicare and Social Security and fewer tax hikes than in the past, a conciliatory approach that he hopes will convince...
  • Report: Senate Democrats' Budget Hikes Taxes by $1 Trillion, Never Balances

    03/12/2013 6:32:26 PM PDT · by Kaslin · 4 replies
    Townhall.com ^ | March 12, 2013 | Guy Benson
    Raise your hand if you're surprised by any of this:   Senate Democrats are drafting a federal budget blueprint that would raise nearly $1 trillion in new taxes over the next decade and slice roughly $1 trillion more from projected spending, according to Democratic aides familiar with the document. But the framework would never bring the budget into balance, potentially putting Democrats on the defensive as Washington enters a new phase in the ongoing battle over the swollen national debt. This week, both parties are scheduled to unveil competing visions for the 10-year period that begins Oct. 1. House Republicans...
  • Two months in, Democrats lament lack of leverage for more tax hikes

    03/04/2013 10:04:35 AM PST · by SeekAndFind · 14 replies
    Hotair ^ | 03/04/2013 | Ed Morrissey
    Looks like the Election Night buzz has finally begun to fade for Democrats. Both Roll Call and Politico have articles in which leading Democrats lament the discovery that the leverage they held on the expiration of the Bush-era tax rates didn’t translate into two years’ worth of arm-twisting. Let’s start with Barack Obama’s dissipating influence on budgetary matters, laid out on Friday night by Steven Dennis and Daniel Newhauser at Roll Call: It wasn’t supposed to be like this for the White House and a re-elected president with political capital to spend.But President Barack Obama is in a position of...
  • Governor Quinn announces $54 million for new Fine Arts Complex

    02/24/2013 2:59:09 AM PST · by ExxonPatrolUs · 14 replies
    ISU ^ | 2;23 | Kate Arthur
    Governor Pat Quinn announced a $54 million capital investment to build a Fine Arts Complex that will strengthen Illinois State University’s renowned arts programs and create 775 construction jobs. “This investment means Illinois State University will be able to build on its excellent reputation in the fine arts while creating hundreds of good jobs in Normal,” the governor said on Founders Day on February 21. “Higher education is a powerful force for growth in Illinois. We all benefit when our universities have the facilities to engage and educate our young people, whether the field is art, accounting or engineering.” The...
  • A Shaken Tax Landscape

    02/17/2013 10:14:54 AM PST · by Kid Shelleen · 10 replies
    Philadelphia Inquirer ^ | 02/05/2013 | Troy Graham and Dylan Purcell
    The politicians and analysts have been talking for more than a year about the potential winners and losers from Mayor Nutter's property tax reform, and now the lines have been drawn. The results of a citywide reassessment key to Nutter's Actual Value Initiative (AVI) were released Friday, and the data confirm some long-held expectations - wealthier, fast-changing neighborhoods are facing stiff increases, and many large commercial properties will see big drops in their bills. Some hikes are jaw-dropping. --snip-- It amounts to a massive redistribution of the city's property tax burden, and the stakes for both homeowners and politicians could...